Under Pillar 3 of the New Economy Programme, the Minister of Finance, Dr Cassiel Ato Forson, has announced that the government will undertake a US$2 Billion Investment in Energy Infrastructure.
He says the government will begin construction in December 2026 of a 1,450 MW thermal power plant at Kafodzidzi-Abrobeano in the Central Region.
The plant will be fully funded and owned by the state; the first 600 MW is expected by December 2028, he said during the 2027 budget presentation in Parliament on Thursday, November 12.
The remaining 850 MW is expected by December 2030, he added.
He further said that the plant will use approximately 150 million standard cubic feet of additional gas daily from the Sankofa and Jubilee fields.
There is also going to be the construction of a fully state-owned 600 MW solar power plant and support it with 2,000 MWh of battery storage.
Together with the thermal plant, he said, these facilities will provide electricity for homes and industries to phase out emergency power plants by 2030.
The government will also invest US$500 million between 2027 and 2030 to modernise the transmission system, deploy two million prepaid meters to improve collection.
Under Nuclear energy development, the government is going to invest US$200 million in a 24-month nuclear-readiness programme from January 2027 to December 2028.
Train more than 2,000 scientists to develop local expertise in safe and reliable nuclear power.
